Photronics, Inc. (NASDAQ:PLAB – Get Free Report) SVP Han Kyung Park sold 6,250 shares of Photronics stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $34.89, for a total transaction of $218,062.50. Following the completion of the sale, the senior vice president owned 75,500 shares of the company’s stock, valued at $2,634,195. This trade represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Han Kyung Park also recently made the following trade(s):
- On Tuesday, January 13th, Han Kyung Park sold 7,500 shares of Photronics stock. The stock was sold at an average price of $33.70, for a total transaction of $252,750.00.
- On Friday, December 12th, Han Kyung Park sold 13,750 shares of Photronics stock. The shares were sold at an average price of $37.99, for a total transaction of $522,362.50.
Photronics Trading Down 0.3%
PLAB stock opened at $34.44 on Wednesday. The firm has a market cap of $2.03 billion, a PE ratio of 15.04 and a beta of 1.52. Photronics, Inc. has a 1 year low of $16.46 and a 1 year high of $39.80. The company has a fifty day simple moving average of $29.46 and a 200 day simple moving average of $24.71.
Analyst Upgrades and Downgrades
Several brokerages have commented on PLAB. Craig Hallum increased their price target on Photronics from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 11th. DA Davidson raised their target price on shares of Photronics from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Zacks Research upgraded shares of Photronics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Photronics in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $43.50.
Read Our Latest Stock Analysis on Photronics
Institutional Trading of Photronics
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC bought a new position in shares of Photronics during the 3rd quarter worth about $28,000. Hantz Financial Services Inc. lifted its stake in shares of Photronics by 673.4% in the third quarter. Hantz Financial Services Inc. now owns 1,485 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 1,293 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Photronics during the fourth quarter worth about $55,000. Wexford Capital LP bought a new position in Photronics during the third quarter valued at about $62,000. Finally, Newbridge Financial Services Group Inc. increased its stake in Photronics by 336.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 3,600 shares of the semiconductor company’s stock valued at $68,000 after acquiring an additional 2,775 shares during the period. 88.38% of the stock is currently owned by institutional investors and hedge funds.
About Photronics
Photronics, Inc is a leading global supplier of photomask products used in the manufacture of integrated circuits, flat panel displays, microelectromechanical systems (MEMS), and advanced packaging applications. Photomasks, also known as reticles, are critical templates that carry the precise circuit patterns required for semiconductor lithography processes. The company offers a comprehensive range of mask solutions, including binary masks, attenuated phase-shift masks, reticles for micro-optics, and specialized products for high‐resolution applications.
Founded in 1969 and headquartered in Brookfield, Connecticut, Photronics has grown through organic expansion and strategic investments in high‐end lithography technology.
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